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Headquartered in Kalwa, a remote village in Thane in 1972, Gopinath Patil Parsik Janata Sahakari Bank (or the GP Parsik Bank) today has operations spread across Thane, Navi Mumbai, Pune, Nashik, Raigad and Ichalkaranji (Kolhapur). Apart from the regular banking services, the multi-state scheduled bank also offers deposit schemes, and loans & advances. The Group loan from GP Parsik Bank is aimed at helping customers meet their credit and liquidity requirements effortlessly.
Sometimes the employer may deduct the loan instalment under Section 60 of The Multi-State Co-operative Societies Act, 2002 and remit the same towards the loan’s repayment. The employer may also remit the employees’ monthly salary directly to the Bank till entire loan is repaid and intimation to that effect is given by Bank. In such cases, group Loan may be considered, provided at least 10 employees are applying at a time as a group.
The loan can be taken for the purchase of expensive consumer durable goods with or without security. The loan can also be availed to meet expenses like house repair, debt repayment or for any other emergency purpose.
GP Parsik Bank Group Loan can be taken by 10 Salaried individuals and salaried professionals employed in a single organization
Mentioned below are some of the benefits and features of the group loan provided by the bank:
In order to apply for a group loan through GP Parsik Bank, the applicants will be required to submit the following documents:
The bank may also require other documents on an individual basis after assessment of the borrower. This, however, will be declared on the bank’s discretion.